Commerce online quiz 240

By | August 21, 2018

10000 MCQ /questions on commerce questions answers

Question 1
Suppose the proper officer is not satisfied with the clarification given by the appellant. What will be the fate of such registration application?
A
The Registration application will be rejected by issuing GST REG-05
B
Provisional registration will be granted
C
Either (A) or (B)
D
The same will be kept pending for field enquiry
Question 2
The amount of salary paid to Madhu should be debited to
A
Madhu
B
Cash account
C
Salary account
D
None of these
Question 3
What will be the mode of filing Refund Application and its supporting documents in GST?
A
Online Application and Uploading of Scanned Documents
B
Both Soft Copy and Hard Copy
C
Manual Application Only
D
Any of the above
Question 4
The prescribed time period for the filing of appeal against the Advance Ruling will be:
A
Within 30 days of the receipt of the advance ruling
B
Within 60 days of the receipt of the advance ruling
C
Within 90 days of the receipt of the advance ruling
D
Within 180 days of the receipt of the advance ruling
Question 5
Costs of undertaken activities is to support individual products are known as
A
expected sustaining
B
input sustaining
C
output sustaining
D
product sustaining costs
Question 6
While delegating, a superior delegates
A
Only authority
B
Authority and responsibility
C
Authority, responsibility and accountability
D
Authority and responsibility but not accountability
Question 7
Present value of portfolio Rs 850 and current option price Rs 1620 then value of stock included in portfolio would be
A
Rs 190.00
B
Rs 880.00
C
Rs 770.00
D
Rs 2, 470.00
Question 8
What shall be interest payable to the taxable person if he is entitled to a refund consequent to the order for final assessment?
A
Interest shall be payable only after 6 months after the final Assessment.
B
Interest shall be payable only after 3 months after the final Assessment.
C
Interest shall be paid on such refund as provided in Section 56.
D
No interest shall be payable on the refund.
Question 9
An actual rate of return is subtracted from expected growth rate then it is divided from dividend stockholders expects use for calculating
A
dividend growth model
B
actual growth model
C
constant growth model
D
variable growth model
Question 10
..... is the amount of cash funds that the banks have to maintain with RBI.
A
Mortgage Rate
B
Base Rate
C
Cash Reserve Ratio
D
None of the above
Question 11
An item of cost that is direct for one business may be.....for another business.
A
Important
B
direct
C
Indirect
D
none of the above.
Question 12
Normal idle time.....
A
can be avoided
B
can be minimized
C
cannot be avoided
D
can be controlled
Question 13
A bill of material is prepared in case of a.....job
A
Standard job
B
non-standardized job
C
Both (A) and (B)
D
none of these
Question 14
Balance of real and personal accounts are..... to the next period
A
carried forward
B
brought down
C
recorded
D
none of these
Question 15
Choose the correct statement:
A
According to AS-6, depreciation is to be provided on land
B
According to AS-6, depreciation is not to be provided on land under any situation
C
According to AS-6, depreciation is not to be provided on land unless it has a limited useful life for the enterprise
D
AS-6 is silent on the question of providing depreciation on land
Question 16
As per Section 145, Document includes:
A
Written record
B
Printed Record
C
Electronic
D
all of the above
Question 17
Where is the headquarters of World Bank situated?
A
Paris
B
New York
C
Basel
D
Washington D.C.
Question 18
..is an example of short-term budget
A
Cash budget
B
Capital expenditure budget
C
Material budget
D
Both a & c
Question 19
Worse fit between estimated cost and actual observations is shown on regression line with
A
larger residual terms
B
zero residual terms
C
variable residual terms
D
smaller residual terms
Question 20
Which of the following is true
A
Asset + equity = liabilities,
B
asset-liability = owner's fund,
C
outside liability + reserve = equity,
D
asset + reserve = equity.
There are 20 questions to complete.

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